Mercy Health Foundation South

“Members or stockholders of the organization: the sole corporate member is st. Anthony's medical center.”

“Power of members or stockholders: the corporate member has the power to appoint the members of the governing body.”

“Power of members or stockholders: the corporate member has the following powers: 1. Amend or restate the organizing documents 2. Adopt or amend strategic plans, goals and objectives 3. Adopt or amend budgets 4. Approve the sales of assets in excess of $100,000 5. Authorize the incurrence of debt, other than for goods in the ordinary course of business 6. Approve a plan of merger, consolidation or dissolution 7. Approve the lease, management or purchase of, or affiliation with, another entity 8. Approve the creation or dissolution of any affiliates 9. Approve the creation or withdrawal from any joint venture 10. Approve any contracts requiring a financial commitment in excess of $100,000 11. Approve any actions of any affiliate of the corporation which, if such action was taken by the corporation, would be subject to the approval of the corporate member”

“Review process: returns are prepared and initially reviewed by st anthony's finance staff and preparer bkd. After these reviews are completed, the returns are then reviewed with the chief financial officer (cfo) by finance staff. Once this review occurs, returns are mailed to board / finance committee members for review, questions, and comments directed to the cfo or their designee. Copies of the returns are provided to the st. Anthony's charitable foundation board in addition to the st. Anthony's medical center board. Once all reviews have taken place, the returns are filed with the internal revenue service.”

“Compliance with conflict of interest policy: to ensure that all affiliates operate in a manner that is consistent with their charitable purposes and that they engage only in transactions that are reasonable and the result of arm's length bargaining, st. Anthony's medical center has adopted and enforces compliance with a conflict of interest policy for all of its affiliates, including st. Anthony's charitable foundation. The policy requires disclosure of any actual or potential conflict of interest. Individual directors, officers and key employees are surveyed annually concerning their relationships to determine whether conflicts of interest might exist. If the st. Anthony's medical center board of directors or any committee or administrator has reasonable cause to believe that an individual has failed to disclose actual or potential conflicts of interest, the individual must be informed and afforded the opportunity to explain the alleged failure to disclose. If, after hearing the response of the individual and making such further investigation as may be warranted in the circumstances, the st. Anthony's medical center board of directors, or any committee or administrator determines that the individual has, in fact, failed to disclose an actual or potential conflict of interest, appropriate disciplinary and corrective action shall be taken against the individual.”

“Process for determining compensation: compensation for the executive director is based upon comparable market rates for similar positions within the nation. Periodically, an outside compensation consultant is hired to review compensation and compare it to appropriate peer groups. These external reports are presented to the st. Anthony medical center board of directors' compensation committee for review and approval along with the annual evaluations of the senior staff members. The most recent compensation reviews were conducted in july of 2014 and february of 2015.”

“Process for making documents available to public: the organization considers its governing documents, conflict of interest policy and financial statements to be proprietary. Accordingly they are not made available to the general public.”

“Other changes in fund balance: fund balance transfer 503,990”

“Oversight committee: responsibility for oversight of the audit and selection of the independent accountant is assumed by the finance and audit committee of the governing body of st. Anthony's medical center, the parent organization.”